Tag: Finance

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Marx's Capital

Capital Volume II: Class 8

Readings: Capital II, ch. 12-14 The total turnover time of capital is equal to the sum of the production time and the circulation time. Production time can be further broken down into the working period and the period of production during which no labor is done. During the non-working period, constant capital undergoes natural processes […]

Categories
Marx's Capital

Capital Volume II: Class 7

Readings: Capital III, ch. 36, 27-32 I have yet to find a place in Volume III where Marx explicitly defines fictitious capital. This may be a result of the unfinished nature of Part Five of this volume, or an oversight on my part. The closest I have found is his reference to fictitious capital as […]